Taiwan Semiconductor

.. $Taiwan Semiconductor(TSM.US)$ .. Taiwan Semi June Sales On Wednesday morning, the largest chip fab (contract manufacturer) in the world, Taiwan Semiconductor (TSM) released that firm's monthly revenue update. For the month of June, Taiwan Semiconductor generated a 32.9% year over year increase in sales to NT$207.87B ($6.83B). This brought Q2 revenue to NT$673.51B ($20.68B), reflecting year over year growth for the quarter of 40% in the home currency. On the monthly side, Taiwan Semi had enjoyed growth of 60% for April & 30% for May. Remember that the firm had guided for second quarter sales (in US dollars) of $19.6B to $20.4B, so this is a nice sized beat. What this suggests is that demand for elite high-end AI-capable GPUs remains in a state of high demand. Taiwan Semi manufactures chips for designers such as Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD) and others. The American Depository Receipts of Taiwan Semiconductor are trading a few percent higher on Wednesday, as are the shares of those stocks just mentioned. Taiwan Semi is set to report the quarter on July 18th. In American dollars, consensus is for a GAAP EPS of $1.41 on a little more than $20B. That would compare to the year ago comps of $1.14 on $15.68B. This would be a rough 32% growth in US dollars versus the 28% growth expected by the street. That would be the largest year over year growth in sales in US dollar terms for Taiwan Semi since the June 2022 quarter.